Entrepreneurial action and eudaimonic well-being in a crisis: Insights from entrepreneurs in Sweden during the COVID-19 pandemic

Constanze Eib and Claudia Bernhard-Oettel
Additional contact information
Constanze Eib: Department of Psychology, Uppsala University, Sweden
Claudia Bernhard-Oettel: Department of Psychology, Stockholm University, Sweden

Economic and Industrial Democracy, 2024, vol. 45, issue 2, 335-362

Abstract: Based on transactional stress theory, this article provides an empirical glimpse into how entrepreneurs in Sweden have experienced the COVID-19 pandemic. The authors investigated the impact of two crisis-induced stressors (unpredictability, loneliness) on two aspects of entrepreneurial success (business and personal success) through the indirect effect of eudaimonic well-being. They examined the role of crisis-related entrepreneurial actions (applying for government financial support, engaging in online business activities). Results from a sample of entrepreneurs operating in Sweden in the summer of 2020 revealed that unpredictability and loneliness were negatively related to business and personal success via eudaimonic well-being. Results for the moderating effects of the crisis-related entrepreneurial actions revealed mixed findings. The results provide valuable insights into the mechanisms that tie entrepreneurial stressors and opportunities for action to eudaimonic well-being, and in turn, entrepreneurial success in the early days of the crisis caused by the pandemic.

Keywords: COVID-19; entrepreneurial success; entrepreneurs; well-being; Sweden (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0143831X231154753 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ecoind:v:45:y:2024:i:2:p:335-362

DOI: 10.1177/0143831X231154753

Access Statistics for this article

More articles in Economic and Industrial Democracy from Department of Economic History, Uppsala University, Sweden
Bibliographic data for series maintained by SAGE Publications ().